Redwood Trust (RWT) CFO Brooke Carillo Receives Award

What Happened Brooke Carillo, Chief Financial Officer of Redwood Trust (RWT), was reported to have acquired 26,065 shares (deferred stock units) at $3.85 per share on September 15, 2026, a grant with a reported grant-date value of $100,238. Although the transaction is coded as a "P" (purchase), the filing and footnotes indicate this transaction reflects the grant of Deferred Stock Units (DSUs) rather than an open-market cash purchase.

Key Details

• Transaction date and price: 2026-09-15; 26,065 units @ $3.85 each (total $100,238).
• Nature of award: Deferred Stock Units (DSUs) — no expiration date (per footnote).
• Vesting: 25% vests 1/31/2027, then 6.25% each quarter beginning 4/1/2027; fully vested 12/11/2029 (per footnote).
• Valuation: Reported based on RWT common stock fair market value on the grant date.
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filing date equals period of report (2026-09-15); filing appears timely.

Context DSUs are deferred compensation awards that convert into shares (or their cash equivalent) when they vest or are paid out; they are not an immediate public-market purchase or sale. This report documents an award/registration of units to the CFO with multi-year vesting; it should be viewed as deferred compensation rather than a direct open-market investment decision. No sale or disposition was reported.